Helmerich & Payne increases dividend for 43rd consecutive year

Dividend Aristocrat Helmerich & Payne will raise its quarterly dividend by 10% to $0,675 per share.

It's the second dividend increase in 2014 for the contract drilling company.

Helmerich & Payne will increase its quarterly dividend from $0,625 per share to $0,6875. Since 2013 HP has increased it's dividend every two quarters.

It's the 43rd consecutive annual dividend increase for Helmerich & Payne. At the current stock price of $113 the indicated dividend yield is 2,5%.

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